The IREN stock price has nosedived recently and formed a risky pattern that points to further downside. It dropped to $43 this week, down by over 40% from its highest point this year. So, is it safe to buy the IREN dip or does it have more downside to go? IREN stock price technicals point
The Turkish lira remained at a record low against the US dollar, continuing a trend that has been going on for decades. The USD/TRY exchange rate was trading at 42.4, up by 21% from where it was trading at in January this year. Turkish inflation drops, raising odds of a CBRT rate cut The USD/TRY
American Eagle stock price continued its strong bull run in the extended hours after the company published strong results and boosted its guidance. AEO shares ended the session at $20.8 and then rose to $22.8 in the after-hours. So, will this surge continue? American Eagle boosted by key marketing campaigns AEO, the parent company of
Trading used to be about gut feelings and reading charts. Traders sat at desks watching screens, trying to spot patterns that meant prices would go up or down. That world exists still but machines can now do what took humans years to learn, except in milliseconds. Speed matters more than people admit Algorithms process information
Lucid stock price has crashed in the past few months as challenges in the EV industry remained. LCID was trading a $12.58, down by 65% from its highest point this year. It has been in a freefall since February 2021, a move that has brought its market cap from over $120 billion to $4 billion
Salesforce stock price remained under intense pressure in November as concerns about the company’s AI business continued. CRM was trading at $230 on Monday, down by 37% from the year-to-date high, making it one of the top laggards in the Dow Jones Index. So, will the CRM stock rebound or continue crashing ahead of its
Borrow cheap yen, invest in higher-yielding assets, pocket the spread: repeat with leverage. That simple idea, known as the yen carry trade, has fueled enormous profits for hedge funds and global investors for decades. But when market conditions shift, this strategy unravels spectacularly, wiping out positions and triggering cascading selloffs across global markets. Today, with
The S&P 500 Index has rebounded in the past few days and is hovering near its all-time high. It rose for five consecutive days, as fears of an AI bubble cooled and as odds of a Federal Reserve interest rate cut rose on Polymarket. Here are some of the top catalysts for the blue-chip S&P
The NZD/USD exchange rate continued rising, crossing an important resistance level as a new Central Bank governor takes charge. The New Zealand dollar rose for six consecutive days, moving from a low of 0.5581 on November 20 to the current 0.5735. New Zealand signals end of cuts The NZD/USD pair has rebounded in the past
Silver price rallied to a fresh all-time high on Friday as a slump in Chinese inventories heightened supply concerns. This comes a few weeks after the recent silver squeeze in London that pushed prices to the record high hit in late October. Besides, bets on a 25-basis-point rate cut during the Fed’s December meeting have